v3.26.1
REINSURANCE (Tables)
 6 Months Ended
Jun. 30, 2026
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]  
Schedule of Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred
The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on claims and claim expenses incurred:
Three months endedSix months ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Premiums Written
Direct$222,150 $230,764 $426,561 $474,420 
Assumed2,772,274 3,190,416 6,046,736 7,102,263 
Ceded(717,464)(650,910)(1,518,041)(1,362,884)
Net premiums written$2,276,960 $2,770,270 $4,955,256 $6,213,799 
Premiums Earned
Direct$223,560 $246,999 $436,116 $498,893 
Assumed2,480,522 2,614,285 4,891,096 5,469,612 
Ceded(504,561)(449,130)(944,077)(835,570)
Net premiums earned$2,199,521 $2,412,154 $4,383,135 $5,132,935 
Claims and Claim Expenses
Gross claims and claim expenses incurred$1,246,114 $1,067,108 $2,279,144 $4,171,950 
Claims and claim expenses recovered(303,736)(24,985)(352,795)(386,069)
Net claims and claim expenses incurred$942,378 $1,042,123 $1,926,349 $3,785,881 
Schedule of Provision for Current Expected Credit Losses of Premiums Receivable
The following table provides a roll forward of the provision for current expected credit losses of the Company’s premiums receivable:
Three months endedSix months ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Beginning balance$2,612 $3,955 $3,181 $4,631 
Provision for (release of) allowance526 (683)(43)(1,359)
Charge-offs(1,110)— (1,110)— 
Ending balance$2,028 $3,272 $2,028 $3,272 
Schedule of Provision for Current Expected Credit Losses of Reinsurance Recoverable
The following table provides a roll forward of the provision for current expected credit losses of the Company’s reinsurance recoverable:
Three months endedSix months ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Beginning balance$12,551 $10,823 $13,205 $11,730 
Provision for (release of) allowance(711)(15)(1,365)(922)
Ending balance$11,840 $10,808 $11,840 $10,808